As Xi and Putin have said, we are passing though a paradigm...

As Xi and Putin have said, we are passing though a paradigm change in 100 year cycles.

We cannot assume that market conditions from five years ago, can translate to conditions, five years ahead.

China now has 70% of the world's stockpiles in commodities. They have another 800 billion dollars in US treasuries to convert into anything but the US dollar.

The additional annual US deficits are now in the trillions, the interest bill is over a trillion a year. Raise interest rates, and the US bankrupts itself. This is known as 'between a rock and a hard place'! Gold gleams brighter, in such situations!